$329,500
Grand Rapids, MI 49507
MLS# 26020646
1 / 18
Property Description
Four-unit investment property Excellent opportunity to own a fully occupied four-unit property with solid rental history and immediate income. This multi-family asset features long-term tenants on the first floor, providing stability and consistent cash flow from day one. The lower level includes two units: one spacious 3-bedroom, 1-bath and one 2-bedroom, 1-bath. The upper level offers additional value with a 2-bedroom, 1-bath unit featuring a private balcony, along with a larger 4-bedroom, 1-bath unit--also with its own balcony--ideal for maximizing rental income. The property includes off-street parking accessible from the alleyway.
Details
Maps
Location & Property Info
Cross Streets: Burton St SE & S Division Ave
Property Sub-Type: 2 to 4 Units
Municipality: City of Grand Rapids
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 100.09
General Property Info
New Construction: No
Lot Dimensions: 0.101
Road Frontage: 44
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2020-06-14
Waterfront: No
Basement: Yes
Total # Units: 4
# of Diff Unit Floor Plans: 4
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 3292
Total Parking Spaces: 4
School District: Grand Rapids
Lot Measurement: Acres
Lot Square Footage: 4400
Lot Acres: 0.1
Year Built: 1905
Tax Info
Taxable Value: 96474
SEV: 168200
For Tax Year: 2025
Seller's Annual Property Tax: 4850.49
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: NA
Zoning: NA
Tax ID #: 41-17-01-480-041
Remarks & Misc
Public Remarks: Four-unit investment property
Excellent opportunity to own a fully occupied four-unit property with solid rental history and immediate income. This multi-family asset features long-term tenants on the first floor, providing stability and consistent cash flow from day one.
The lower level includes two units: one spacious 3-bedroom, 1-bath and one 2-bedroom, 1-bath. The upper level offers additional value with a 2-bedroom, 1-bath unit featuring a private balcony, along with a larger 4-bedroom, 1-bath unit--also with its own balcony--ideal for maximizing rental income.
The property includes off-street parking accessible from the alleyway.
Legal: 411701480041 LOT 7* ELSTON SECOND ADDITION
Waterfront Options
Water Access Y/N: No
Street Type
Paved: 1
Util Avail at Street
Cable Available: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
FHA: 1
Mineral Rights
Unknown: 1
Laundry Features
None: 1
Exterior Material
Aluminum Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Driveway
Unpaved: 1
Substructure
Full: 1
Michigan Basement: 1
Extras
Sep Electric Meter: 1
Sep Gas Meter: 1
Owner Pays
Sewer: 1
Trash Collection: 1
Water: 1
Unit 1
Unit Description: Down-Right 23-1
SqFt: 0
Occupied: Yes
Monthly Rent: 850
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range Oven: 1
Refrigerator: 1
Sep. Heat System: 1
Unit 2
Unit Description: Down-Left 25-1
SqFt: 0
Occupied: Yes
Monthly Rent: 850
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Sep. Heat System: 1
Unit 3
Unit Description: Up-Right 23-2
SqFt: 0
Occupied: Yes
Monthly Rent: 995
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Sep. Heat System: 1
Unit 4
Unit Description: Up-Left 25-2
SqFt: 0
Occupied: Yes
Monthly Rent: 1395
Bedrooms: 4
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Sep. Heat System: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Kent
Street #: 23
Street Name: Burton
Suffix: Street
Post Direction: SW
State: MI
Zip Code: 49507
Zip (4): 2916
OfficeContract Info
Status: Active
Current Price: $329,500
List Price: $329,500
Listing Date: 2026-05-06
Property Features
Laundry Features: None
Exterior Material: Aluminum Siding
Roofing: Composition
Substructure: Full; Michigan Basement
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available
Extras: Sep Electric Meter; Sep Gas Meter
Owner Pays: Sewer; Trash Collection; Water
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air
Driveway: Unpaved
Street Type: Paved
Mineral Rights: Unknown
Terms Available: Cash; Conventional; FHA
Possession: Close Of Escrow
Sale Conditions: None
Unit 1: Range Oven; Refrigerator; Sep. Heat System
Unit 2: Range/Oven; Refrigerator; Sep. Heat System
Unit 3: Range/Oven; Refrigerator; Sep. Heat System
Unit 4: Range/Oven; Refrigerator; Sep. Heat System
Listing Office: Urban Pharm, LLC
Listing Agent: Rahel A Gebrekristos
Last Updated: May - 07 - 2026
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